Singapore is a city-state located in Southern Asia which is in one of the world’s economical dynamic region. Singapore has a very favorable tax regime towards offshore companies (ie conducting activities outside of the jurisdiction), and is not listed as a tax heaven place by the OECD. That is the reason why we do say about Singapore that it is the Switzerland of Asia or the Asian Dragon.
At FCBA Offshore Ltd, we do recommend our clients to open an offshore bank account or to incorporate an offshore company in Singapore because it is a very politically stable jurisdiction. Also, due to the fact that Singapore is not listed as a tax heaven by the OECD, it will enable you to conduct a normal economical activity everywhere in the world. However, the adminsitrative obligations of this jurisdiction are quite high and the accounting requirements will generate important costs. Finally, the huge time difference between Singapore and Europe could prevent you from establishing an efficient daily contact with your bank or business partners.